Elnur

Elnur is 39 years old and married, but does not have any kids yet. He is an IDP (internally displaced person) and lives with his wife in the Bilasuvar IDP Settlement. He is growing fruits and vegetables. He plants tomatoes, potatoes, eggplants, and other vegetables and fruits. He says, even though this business is very hard, he and his wife have been handling the business for 10 years without any difficulty. Elnur grows vegetables and fruits and sells them in the bazaar. His income from vegetable and fruit sales is 150 AZN. He has more plans for the future, such as to get more lands for cultivation. He is looking forward to the increased sales in the coming summer because people purchase many fruits. Nowadays, he needs a loan of 1,800 AZN. This loan is for the purpose of getting new fertilizers and seeds. It will help him to grow more vegetables and fruits in order to get more revenue in the coming summer, which will help him to support his family’s needs. He has a good loan history; this is his third loan.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.